Adroit Infotech Limited — Important, 22-01-2025: Updates

Adroit Infotech Limited has reported no deviations or variations regarding the utilization of funds from its Rights Issue for the quarter ended December 31, 2024. The company raised funds totaling ₹23.66 Crore, and the review conducted by the Audit Committee confirms that all proceeds were used according to the original objectives stated in the prospectus. Notably, the key allocations were ₹8.45 Crore for business expansion and ₹3.65 Crore for paying off non-current liabilities, with working capital requirements fully financed. Additionally, funds remain unutilized in an account with Axis Bank, preserving flexibility for future needs. Investors should maintain a positive outlook considering the effective management of funds aligned with strategic objectives.